Civil

Civil

Article excerpt

(72897) NOTICE OF DISMISSAL OF CLASS ACTION Case No. CIV-85-1676-A
In the United States District Court for the Western District of
Oklahoma. William Lee Beasley, individually; William Lee Beasley as
Trustee of the William Lee Beasley, D.D.S., M.S., P.C. Profit
Sharing Trust; William Lee Beasley as Trustee of the William Lee
Beasley, D.D.S., M.S., P.C., Em ployees' Pension Plan; and Florine
Allen as Trustee of the William L. Beasley Children's Trust, on
behalf of plaintiffs themselves and all others similarly situated,
Plaintiffs, v. Rooney Pace, Inc., a Delaware corporation; Rooney
Pace Group, Inc., a Delaware corporation; Patrick Rooney; and
Randolph Pace, Defendants. TO: All Purchasers of American
Educational Computer, Inc. ("AEDC") common stock and Allied Nursing
Care, Inc. ("Allied") common stock, whose stock was held by
Rooney, Pace Inc. ("RPI") between January 31st, 1985 and February
4th, 1985 (the "Alleged Class") PLEASE READ THIS NOTICE CARE FULLY
AND IN ITS ENTIRETY. IT CONCERNS THE DISMISSAL OF LITIGATION WHICH
MAY AFFECT YOUR RIGHTS. NOTICE IS HEREBY GIVEN pursuant to an
Order of the United States District Court for the Western District
of Oklahoma (the "Court") and pursuant to Rule 23(e) of the
Federal Rules of Civil Procedure, that on or after February 28th,
1986, the Court will enter an Order dismissing the
above-captioned action (the "Ac tion") pursuant to a Stipulation of
Settlement between the individual plaintiffs and the defendants
named in the Action. The Action was commenced in June 1985 by
plaintiffs William Lee Beasley individually and as trustee of the
William Lee Beasley, D.D.S., M.S., P.C., Profit Sharing Trust, and
of the William Lee Beasley, D.D.S., M.S., P.C. Em ployees' Pension
Plan, and Florine Allen as trustee of the William Lee Beasley
Children's Trust, on behalf of themselves and all others similarly
situated. Defendants are Rooney, Pace Inc. ("RPI"), Rooney, Pace
Group, Inc., Patrick Rooney and Randolph Pace. The allegations
of the Complaint, which are made on behalf of the Alleged Class,
are as follows: Count I of the Complaint alleges that RPI was
negligent in that it failed to adequately supervise the activities
of the brokers in its Oklahoma City office. Count II alleges that
RPI and the other defendants breached a contract to manage
plaintiffs' portfolios in a prudent manner. …